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Recovering platinum supply to glut markets into 2022

Strong supply and sluggish demand will push the platinum market into surplus for the remainder of 2021 and 2022 as a backlog of semi-finished stock boosts mine supply, the World Platinum Investment Council (WPIC) said on Wednesday.

Recovering platinum supply to glut markets into 2022 Recovering platinum supply to glut markets into 2022 Recovering platinum supply to glut markets into 2022 Recovering platinum supply to glut markets into 2022 Recovering platinum supply to glut markets into 2022

The WPIC now sees the global platinum market in a surplus of 769,000 ounces in 2021, with 2022 forecast to see a surplus of 637,000oz, despite rising demand from automotive, jewellery and industrial